in a country like honduras, economic development can trigger certain environmental risks that may include .

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16-12-2022
Social Studies

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in a country like honduras, economic development can trigger certain environmental risks that may include .

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MubeenaD MubeenaD · Answer 1 · 2022-12-24T06:10:04+01:00

In a country like Honduras, economic development can trigger certain environmental risks that may include deforestation, soil erosion, watershed deterioration.

Due to its advantageous location, expanding industrial base, ongoing efforts to diversify its exports, young and expanding population, and strategic location, Honduras boasts a number of strengths and the potential for quicker growth and higher shared prosperity. Over the previous ten years, Honduras' real GDP increased at an average annual rate of 3.1 percent. In recent years, the nation has also adopted conservative macroeconomic policies, based by the Fiscal Responsibility Law, and has recorded the second-highest economic growth rates in Central America, only behind Panama. GDP growth in the nation was 3.7 percent in 2018 and 2.7 percent in 2019, which is higher than the average for Central America and significantly higher than the average for Latin America and the Caribbean (LAC).

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